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Fitch rebuffs Gordian Knot's call for rating withdrawal

Rating agency Fitch has thrown out a request from UK specialist credit investor Gordian Knot to withdraw the long and short term debt ratings on its investment vehicle Sigma Finance, one of the largest and oldest such vehicles operating in the debt markets.

The rating agency, which was reviewing Sigma Finance’s funding and liquidity position, said that in spite of the request it would maintain its AAA/P-1+ ratings on the $50bn (€34bn)-plus limited purpose finance company due to heightened interest in the sector.

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